NASDAQ$ILPT
Industrial Logistics Properties Trust · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Reported net income of $0.23 per share and normalized FFO of $0.47 per share, with same property cash basis NOI increasing by 3.4%.
Industrial Logistics Properties Trust announced strong second quarter results with a net income of $14.8 million, or $0.23 per diluted share, and Normalized FFO of $30.6 million, or $0.47 per diluted share. The company reported high occupancy of nearly 99% and a 3.4% increase in same property cash basis NOI.
- Net income attributable to common shareholders was $14.8 million, or $0.23 per diluted share.
- Normalized FFO attributable to common shareholders was $30.6 million, or $0.47 per diluted share.
- Same property cash basis NOI increased by 3.4% compared to the same period last year.
- The company completed lease renewals and rent resets for over 1.9 million square feet, resulting in weighted average rental rates 23.1% higher than prior rates.
Headline financials
Revenue & EPS history
ILPT · Revenue · Quarterly
$65.1M
Forward guidance
The report expresses optimism about the company's position and potential benefits from continued tailwinds in the industrial and logistics sector, but also acknowledges risks related to the COVID-19 pandemic and economic conditions.
Tailwinds
- Industrial and logistics real estate has remained in strong demand.
- Accelerated shift by consumers to e-commerce throughout the COVID-19 pandemic.
- Majority of tenants are considered essential businesses.
- Liquidity remains strong.
- Minimal negative impact on operating results and financial condition.
Headwinds
- COVID-19 pandemic could continue to have a negative impact on economic conditions.
- Economic downturn could continue for an extended period.
- E-commerce demand could decline.
- Tenants' businesses, operations, and liquidity could be materially adversely impacted.
- Financial situation and liquidity could be materially adversely impacted and the value of properties could decline.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2020
-0.4%
Avg return
Earnings day
-0.4%
Avg return
5 days after
-2.7%
Avg return
30 days after
45%
15 / 33 earnings
Positive
+10.7%
Q1 2024
Best reaction
-9.3%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.1% | -0.8% | — | |
| Q4 2025 | +4.0% | +4.7% | +4.0% | |
| Q3 2025 | -9.3% | -7.6% | -4.5% | |
| Q1 2025 | +0.0% | +9.5% | +25.6% | |
| Q4 2024 | -2.5% | -2.5% | -13.4% | |
| Q3 2024 | -7.6% | -13.2% | -2.3% | |
| Q2 2024 | +2.4% | -1.4% | -2.0% | |
| Q1 2024 | +10.7% | +19.4% | +5.5% | |
| Q4 2023 | +0.0% | -2.0% | +2.0% | |
| Q3 2023 | +5.5% | +3.8% | +28.0% | |
| Q2 2023 | -7.1% | -4.4% | +1.5% | |
| Q1 2023 | +5.0% | +3.0% | -11.0% | |
| Q4 2022 | +9.7% | +13.1% | -26.0% | |
| Q3 2022 | -5.5% | -5.1% | -21.6% | |
| Q2 2022 | -0.5% | +3.7% | -14.3% | |
| Q1 2022 | -9.1% | -17.4% | -23.6% | |
| Q4 2021 | +3.8% | +3.5% | +2.2% | |
| Q3 2021 | +1.1% | +0.5% | -22.1% | |
| Q2 2021 | +0.7% | -0.1% | +1.6% | |
| Q1 2021 | -1.1% | +1.3% | +2.6% | |
| Q4 2020 | -3.7% | -4.4% | +2.9% | |
| Q3 2020 | -3.2% | -2.7% | +9.3% | |
| Q2 2020 | +1.8% | +2.4% | +4.3% | |
| Q1 2020 | -3.1% | -4.6% | +3.6% | |
| Q4 2019 | -3.0% | -12.2% | -32.8% | |
| Q3 2019 | -3.5% | -1.8% | -1.3% | |
| Q2 2019 | +2.9% | +3.5% | +2.6% | |
| Q1 2019 | +1.2% | +4.1% | -3.3% | |
| Q4 2018 | +2.5% | +1.1% | -5.7% | |
| Q3 2018 | +0.5% | -2.7% | -1.6% | |
| Q2 2018 | -2.1% | -1.2% | +2.5% | |
| Q1 2018 | +0.4% | +0.0% | +4.0% | |
| Q4 2017 | -2.5% | -3.9% | -1.6% | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — | |
| Q4 2016 | — | — | — |
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